exercise complete control over the phases of operation of the Aircraft requiring
aviation expertise for all flights under this Agreement.

     iii. Flight Crew. Lessee shall be solely responsible for supplying a flight
crew for Lessee’s operations of the Aircraft, as Lessee’s expense. Lessee shall ensure that
all flight crews (1) are FAA certified and duly qualified to operate the Aircraft in
accordance with all applicable laws and regulations; and (2) meet the applicable
requirements of, and are qualified and approved under, Lessor’s insurance policies in
Section 8 of this Agreement.

     iv. Pilot in Command. Lessor and Lessee acknowledge and agree that, contrary
provisions of Section 2 notwithstanding, (i) the pilot in command (“PIC”) of any flight, in
her or his sole discretion, my terminate the flight, refuse to commence the flight, or take
any other flight-related action which in her or his sole judgment is necessitated by
considerations of safety, (ii) the PIC of any flight shall have final and complete
authority to postpone or cancel the flight for any reason or condition which in his or her
judgment would compromise the safety of the flight, and (iii) no such action of the PIC
shall create or support any liability for loss, injury, damage, or delay to Lessor.

     v. Security Precautions. Lessee shall at all times use reasonable care and
diligence to maintain the security and safety of the Aircraft and to abide by applicable
security regulations and recommendations of the FAA, Department of Transportation, or local
airport authorities. Lessee shall secure or hangar the Aircraft at any time it is to be
unattended by Lessee or Lessee’s crew.